Mercantile Consulting Venture Inc’s latest Wheat Market Outlook shows Canadian wheat exports are 861 thousand metric tonnes or 23% more this year than this time last year.

The report shows there are another 2.7 million metric tonnes of wheat sitting in the handling system. About 1.2 million metric tonnes of wheat is sitting or stored in primary elevators. 1.4 million metric tonnes is sitting at the port in export position and 141 thousand metric tonnes is on rail moving to port.

Mercantile Consulting Analysts note the Canadian elevator system is close to being plugged and rail car loadings at this point are poor.

Mercantile Consulting Venture Inc provides a Wheat Market Outlook article on a regular basis for the Saskatchewan Wheat Development Commission.

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